Prepare the current assets section of the balance sheet

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Problem

At dec 31,2024, sunland industries reported the following selected accounts from the unadjusted trial balance for its first year of operations: accounts payable $392,000, accounts receivable $784,000, cash $44,800, cost if goods sold $1,960,000, interest receivable $1250, interest revenue $2525, merchandise inventory $364,000, notes receivable due April 10,2025 $50,400, prepaid insurance $8960, sales $4,384,800, sales returns and allowances $112,000, short-term investment $56,000, unearned revenue $28,000. Get the instant assignment help. Prepare the current assets section of the balance sheet for sunland industries on dec 31,2024.

Reference no: EM133928403

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